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  1. Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    EconomyMacroeconomy

    Assistance (ELA) funding by 3.70 billion euros, the largest drop since June 2016. Additionally... was largely foreseen after successive lowerings of the ECB’s ceiling to Greek banks. The most recent came on September 7 when it was announced that the ELA ceiling for Greek banks would be reduced

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  2. Google mobility report illustrates stark drop in activity due to Covid-19
    Photo by MacroPolis

    Society

    . This compared to a 94 percent drop in Italy and Spain, a 77 percent drop in Germany and a 24 percent drop... in Greece fell by 55 percent against the baseline, while in Italy the drop came to 90 percent. In Spain... percent. The Greek data showed that visits to transit stations fell by 71 percent. In Italy, the drop

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  3. April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
    Photo by MacroPolis

    EconomyMacroeconomy

    (ELSTAT) data revealed on Friday. The headline figure is the sharpest drop in the index since... percent decrease in the mining and quarrying index, followed by a drop off 11.3 percent in manufacturing and a drop of 4.7 percent in the electricity supply index. An increase of 2.5 percent

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  4. With tax-free threshold set for change, income declarations underline need for rethink
    Photo by Lazaros Koutsoukos/Fosphotos

    EconomyProgramme

    euros from its current level of 8,636 euros (for a single person). The current ceiling... percent), but this would require the tax-free threshold to drop to around 5,000 euros to yield the same amount of additional revenues. The large decrease in the ceiling means that this option is unlikely

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  5. Eurosystem funding falls by 3.58 bln in September
    Photo by MacroPolis

    EconomyMacroeconomy

    lowering the funding ceiling to Greek banks for several months. The most recent reduction came on October 7, when it was announced that the ELA ceiling for Greek banks would be reduced further by 1 billion euros to 32.6 billion. The drop reflected “developments in the liquidity situation of Greek

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  6. Fuels head 1.7 pct YoY drop in retail sales for Nov as volumes drop again
    Image: https://flic.kr/p/2j6Tdii

    EconomyMacroeconomy

    Greece’s retail sales resumed contraction in October with a drop of 0.6 percent year-on-year (YoY), after an increase of 1.7 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index had another decline of 1.5 percent YoY. Volumes have now

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  7. Sharp drop in corporate deposits drives 5.18-bln-euro drop in Jan
    Photo via https://flic.kr/p/2b9vcaC

    EconomyMacroeconomy

    There was a significant movement in the Greek banking system’s private sector deposits during January, with a net drop of 5.18 billion euros, after a jump of 6.33 billion euros in December, according to the latest Bank of Greece (BoG) figures released on Thursday. December has a strong seasonal

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  8. Drop in industrial production accelerated in November with 6.1 pct decline

    EconomyMacroeconomy

    The drop in the Industrial Production Index (IPI) accelerated in November to 6.1 percent following... percent), July and August recording the highest drop (7.6 – 7.8 percent), while the other monthly readings showed a mid-single digit drop. IPI has only had only four positive year on year (yoy) readings

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  9. Building activity suffers larger drop of 30.9 pct in November

    EconomyMacroeconomy

    percent, while surface and volume recorded a slower drop, -16.4 and -10.3 percent respectively. According to the regional breakdown, the highest drop in November was posted in West Macedonia (down 51.2... to 16,400 in 2013 from 65,500 in 2008, almost three times the GDP drop in this period. Unlike other

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  10. Drop in Greek CPI decelerates again to 2.1 pct in March

    EconomyMacroeconomy

    The drop in the Greek consumer price index (CPI) decelerated for the second straight month to 2.1... to the rate posted in February, when it had recorded a sharp drop from the January figure of 2.8...). It is noteworthy that none of the twelve main groups and services showed any MoM drop in prices in March

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